[pinkmonkey]

I am just writing to show my appreciation a big help by LearningLuminarium to pass my OBU program and to help whoever look for a mentor with high quality and experience.
It took me ages to chooce right one which would not a easy but looking back I was glad that I chose the right mentor who helped me a lot. Not only my mentor Adrian but also ESPECIALLY Irwin ) From my honest experience, I can highly recommend LearningLuminarium.

[pinkmonkey]

Dear rk85

Would you kindly give me the Kaplan Full text book, revision notes and pocket notes for me?
I am living in London so if you are ok, I can collect them so please kindly let me know, thank you very much.

[pinkmonkey]

Dear Madalena and any other ones

Please share with the updated note with me and I would appreciate it if you could send me the note, thank you.

Also if anyone have got notes , please send ones kindly to me, thank you.

marihashiguchi@yahoo.com

[pinkmonkey]

Dear Trephena

Thank you very much for your reply. I would appreciate you helping me out.

I am confused facing the limitation of ratio analysis in part 2 and the limitation of this report in part 4. I just thought for limitation in part2, I can just mention the generalised definition and ideas of ratio analysis from a book. Then for the limitation part 4, I should mention the actual my experience of limitation such as My company and comparator is using different accounting standard in a certain period. Also for ratios, I cannot get the matched figures as those of my company and comparator.

If you would say the specific limitation as above in part 2 then what sort of limitation can I talk about in part 4 limitation?

I would appreciate it if you could give me your advice as soon as possible, thank you

[pinkmonkey]

Dear Trephena

Thank you for your reply always.
As you suggested, I did calculate ratios myself as much as I can but some of ratios DE ratio which was not matched to that of the company. Then I decided to use both. (mine is D/D+E)Is it a good idea?
The problem I have now is if I use the company’s, 2014 is fine but 2013&12 is based on USGAAP whereas that of comparator is based on IFRS all years. Can I still use those figures based on different accounting standards?

Another problem is I want to include market ratios but only EPS is available and again the basis of accounting standard for 2012&13 is different. I asked to give me dividend payout ratio, div yeild, and PE ratios to the companies but I have not received them.
If I cannot have them, my ratio analysis with less market ratios is going to be weak?

Last but not least, I manually typed the financial statment (2014, 2013, 2013) then from there I created ratios for 2014, 2013 and 2012. I remember that another mentor mentioned that we should create 2014, 2013, 2012 and 2011. My understanding is the ratio analysis would be like this: let’s say GPM (Gross Profit Margin) is increased 10% from 2012 to 2014, rather than comparing each year like 2014&13, 2013&12 and 2012&11.
Could you confirm that only preparing 2014-2012 ratios are appropriate?

Sorry for asking a lot but I would appreciate it if you can help me out

[pinkmonkey]

Dear Trephena

Thank you very much for your reply.

In essence, It is always better to calculate ratios myself rather than just inserting those done by someone( ie the company)?

Or like you said, always that of company is more reliable so using reliable source is better than ration by myself even using correct formula?

If it does not matter which one to use, I would rather try to calculate all ratios myself so that at least I can show the marker I did make a effort , what do you think about it?

I was thinking to ask the company what formula to use ,but do you think it would not be a good idea? Like you suggested, I just put this issue in the limitation section?

Thank you very much for your time

[pinkmonkey]

Dear Trephena

I just wonder still that I should create PESTEL from 5 forces as you have not mentioned your thought whether I should do or not.

I would appreciate it if you could give me your thought.

Kind regards

[pinkmonkey]

Dear Everyone

I have another question regarding ratios.
If the company has already calculated lets say ROCE or ROE, but I just follow the fomula comes from text book or accounting website then the figures have not much , if that is the case, do I have to use the company figures? or can I stick to my figures because the fomula are still correct?

Thank you

[pinkmonkey]

Dear Everyone,

I just want to ensure which formula of ROE ratio is correct.

According to a accounting website it says net income /shareholders equity.

net income is profit for income tax(profit for the year – provision for income tax) OR profit for the year (profit for the year attributable to owner of the parent and non controlling interests)
which one?Just in case, net income is not total comprehensive income for the year, right?
For shareholders equity, equity attributable to owners of the parent plus non controlling interests, is that correct?

Thank you for everyone

[pinkmonkey]

Dear Trephena

Thank you very much for your reply and your thoughts.
Sorry for making a new topic….try to be tidy.

[pinkmonkey]

Dear All and Trephena

I would like to hear your comment on my thought below:

Trephena seems to recommend to use SWOT and PESTEL for topic 8 not 5forces in the forums.
I should have known earlier but I have done 5 forces although it has not fully completed , at least I put all ideas for each categories.
Now I am thinking that I should do PESTEL using the ideas for 5forces OR should I stick to my 5forces?

My worrying is that taking Trephena’s advice into consideration , my 5 forces would not be utilised in a effective way such as mixing up with my ratios.

Please give me your thoughts on this, thank you for all.

[pinkmonkey]

Dear All

Could you tell me how I should make a structure of SWOT analysis and ratios of my main company A and comparator B either 1 or 2 below?

1. In order, with subheading like ratios of company A then ratios company B, then SWOT of company A then SWOT of company B, not mixed them up.

2. By ratios , eg, sub-heading Gross profit margin (GPM) , then mention that increase or decrease then as a result this is A’s strength or B’s weakness …..i.e. mixed SWOT and ratios
OR
by SWOT and explain the strength for example with ratios result of whether GPM has increased or decrease as the reason

Thank you for your all help in advance

[pinkmonkey]

Dear Trephena

Thank you so much for your message.

I understand I do not need to use FS 2015 Mar as long as there is no significant issues.

However how do you judge the news is a significant or not.

I heard the news that the president of the company announced that hundreds million yen (do not remember exact amounts but )in red (Loss) going to be appeared in FS 2015 year.Does that sort of news count as a significant issue ? (In the past, they are making reasonable profits but never loss then financial terms, do you count as a significant event or result ?)

Thank you

[pinkmonkey]

Dear Sirs.

I need your advice regarding the mentor from Learning Luminerium.

I contacted them to find out the details of services and the price they would charge me.

I thought the £220 one cover the service of reading my papers but they said not included.

While, I contacted the individual mentors on the OBU list and some of them are similar price but including reading my essay. I actually reading my essay is a basic service all mentors have. The thing is that it is hard for me to pick individual mentor because I am not sure that the quality is good. Could you please give me your advice and is it nornal that mentor would not read your project essay? thanks a lot.

[pinkmonkey]

Dear Trephena

Thank you so much for your quick reply and advice.

In terms of the latest financial statement (FS), the company I am doing seems issued FS in the public in the middle of May. if that is the case, if I want to submit 1 May 15, then I should use 2014 FS or because quarterly BS ( not PL) is available so I should use latest as at Dec 2014 then adjust for 3 months (Jan-Mar 2015 using estimate say average of Mar Dec 14)?

Or I believe that the latest submitting date is 20th May 15, so even if the company issue the 2015 FS on 15th May ,I should wait until then and use it to submit just before 20th May? Whichever I choose , I feel a it risky because if I use 2014 when OBU assess my project report, by the date they assess it, FS 2015 has already been issued, then they may not happy for me to use 2014 FS, on the other hand, if I wait until they issue the latest one, then I need some time to work on it and may not be able to to make it.

How do you think about that? How do you recommend this issue?

Thank you .

[pinkmonkey]

Dear Friends

Please tell me the answer on my below query:

As I was preparing for P29, I used the FS the end of Mar 2014 which probably publish the end of April or May ( not sure exactly but my guess), if that is that case , can I use the last one used for p29 ? or just after they publish it but before the deadline for OBU, do I have to change into the one for Mar 2015?

Thank you for your time for your assistance in advance.

[pinkmonkey]

Dear Trephena or someone can help me

I am the one failed to be ready for p29 and that is why I wanted to complete this project this time.

Anyway, I have a question regarding the mentor although I understand that like Trephena kindly put the warning the mentor has to be on the list.

My potential mentor for p29 was my old lecturer who is working a ACCA tuition provider but I do believe that he is not on the list and have not experienced as a mentor and I am awakward to ask him to become a listed mentor just only for me because I know that he accepted to be a mentor for a big favour but not most of students. My question is what the process he should follow to be a listed member , is it quite bothersome and take time to do it? If you do not mind , could you tell me exactly each process to follow?

Thank you very much for your assistance in advance.

[pinkmonkey]

Dear Everybody

For below requirement, can I just a list of ratios and business models I used although I assume that we have to mention this in part 3 section so I wonder if I put a list here then it will be duplicate?
• An explanation of the accounting and / or business techniques you have used, including a discussion of their limitations

Kind regards

[pinkmonkey]

Dear everyone

I just want to know that Google scholar is acceptable to be used as a reference?

Thank you

[pinkmonkey]

Dear Trephena

I am afraid of asking you that your saying of ” topic 8 is not required a primary source’ is approved by OBU written somewhere?

Kind regards

[pinkmonkey]

Sorry , again.

My question is that how I can avoid to be subjective as I rely on only secondary sources not using primary sources which are objective observation according to your saying.

Kind regards

[pinkmonkey]

Dear Trephena

Sorry , I forgot to ask one more thing.
Would it be better like you did although I am not going to copy what you exactly said, to define what primary source and secondary source are with a start?

Kind regards

[pinkmonkey]

Thank you very much for your quick reply and answer , Trephana.I have questions: (i am doing topic 8 , bu the way)
1. Could you give me some examples for your saying that more important to set out any limitations of it.
2. I actually saw a website someone clearly said FS was primary and annual resource is secondary so this is a limitation of genuine source?
3.researcher means myself?
4. Could you give me some examples for primary and secondary for topic 8?
5. I thought the list is no nee because the list should be in the reference section?
6. Why for topic 8 only require secondary?

Kind regards

[pinkmonkey]

Hi Trephena

First of all, thank you for your useful information always.

Sorry for a basic question but FS is a primary source and annual report is a secondary source, right?
I do not think I need a list of all sources on this section but do I need some examples of sources why I used and why it is useful for, something like that?

Kind regards

[pinkmonkey]

Dear Ahmad
Thank you very much for your assistance and I would appreciate it .

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